1887 Main StFerndale, WA 98248

Property Details for 1887 Main St

Year built

2018

Lot size

1.51 AC

Property size (Sq ft)

21,284 SF

Zone code

MCD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

390229 330393 0000

APU

3902293303930000

Description

This exceptional commercial property at 1887 Main Street in Ferndale, Whatcom County, offers a rare opportunity to establish your business in a thriving location. The 4,628 square foot building is currently fully vacant and available for lease as a whole or in divisible units ranging from 1,534 to 3,094 contiguous square feet. The property boasts a highly desirable location, situated between Walgreens and Haggen grocery store, and adjacent to Ferndale Station, ensuring high visibility and foot traffic. This prime commercial corridor is already home to a diverse mix of established businesses including Capstone Physical Therapy, Westside Pizza, Thrivent Financial, and Mt. Baker Vision, creating a synergistic and vibrant business environment. The building offers ample on-site parking for both employees and customers, providing convenient access and a positive experience. Its strategic location provides easy access to Interstate 5, enhancing accessibility for clients and employees from a wider geographical area. The property's versatile layout is ideal for a variety of retail and office uses, making it an attractive option for businesses seeking a prominent and well-connected location in Ferndale. Don't miss this chance to secure your space in this bustling commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $6,695,590

  6.5%

  $6,180,540

  7%

  $5,739,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,728,560

  Geo Method

  $4,262,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,193,600

  Mixed-Use / Specialty

  $6,101,570

  Hospitality / Lodging

  $4,402,390

  Office

  $6,006,010

  Institutional / Educational

  $6,322,820

  Residential Income

  $7,397,700

  Multifamily

  $9,188,080

  Automotive / Energy

  $5,419,560

  Parking / Income-Based Land

  $1,926,480

  Restaurant / Food Service

  $3,051,940

  Healthcare / Senior Housing

  $6,315,440

Location Insight

City

Ferndale

County

Whatcom

State

Washington

Latitude

48.8434

Longitude

-122.583

CBSA code

13380

CBSA name

BELLINGHAM, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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